In the week ended 16th July, India’s foreign exchange reserves rose by $835 million to touch a record high margin of $612.73 billion. In the week ended 9th...
Reserve Bank of India (RBI) introduced “RBI Retail Direct facility” scheme on July 12, 2021. What is Retail Direct Scheme? RBI’s Retail Direct Scheme is a one-stop solution...
Federal Bank shareholders have approved the motion of re-appointment of Shyam Srinivasan as managing director and chief executive officer (CEO) of the federal bank. Highlights He has been...
The Government of India recently appointed T Rabi Shankar as the fourth Deputy Governor. About T Rabi Shankar T Rabi Shankar is in charge of fintech, payment system,...
The Reserve Bank of India recently released the State of Economy Report for the month of April 2021. Key Findings of the Report The resurgence of COVID-19 might...
The Reserve Bank of India recently announced a Government Security Acquisition Programme, GSAP 1.0. Under the programme, the central bank will purchase government bonds of worth Rs 1...
RXIL is Receivables Exchange of India. Recently RXIL has become the first TReDS platform to cross monthly throughput of Rs 1000 crores. The transaction volume in the platform...
Governor of Reserve Bank of India, Shaktikanta Das, while speaking at 7th edition of India Economic Conclave has called for effective regulation which should help innovation in fintech...
The Supreme Court of India has refused to interfere with the decision of the government and Reserve Bank of India (RBI) on the loan moratorium scheme declining to...
The Reserve Bank of India (RBI) has announced on March 16, 2021 that it has fined India’s largest lending bank “State Bank of India (SBI)” with Rs 2...
